Question: (c) Your utility charges $0.08 for electricity. A PV module costs $2/W installed. Should you switch to a combined PV + grid system? Explain

(c) Your utility charges $0.08 for electricity. A PV module costs $2/W

(c) Your utility charges $0.08 for electricity. A PV module costs $2/W installed. Should you switch to a combined PV + grid system? Explain your answer. $2/W corresponds to $0.06/kWhr (at 4 hr/day over 20 years). It is cheaper to use solar if there is a way to store excess not being used. If the grid provides storage for free, then a hybrid system makes economic sense.

Step by Step Solution

3.40 Rating (150 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The detailed ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mechanical Engineering Questions!